MOST STAYED IN THE NORTHEAST, BUT THE TOP SALARY WAS OVERSEAS
The vast majority of Class of 2019 MIT Sloan MBAs, 87.6%, remained in the United States, and most of those (45.4%) stayed in the Northeast corridor, including 25.8% in Boston and 17.1% in New York City. Of the 27.2% who moved to the West Coast, 17.1% landed in San Francisco. Of those who went abroad, 6% found work in Asia, 2% in Latin America, and 1.7% in Europe.
The highest median salaries, however, were in the Mid-Atlantic, presumably Washington, D.C., and the Southwest, each of which is listed at $165,000. However, those only comprise 5.7% of graduates. In New York, the median starting salary is $150,000; the 5% who relocated to the Midwest, likely Chicago, earned a median $150,000 as well, whereas MIT’s grads who stayed local in Boston only earned a median $130,000. However, someone in venture capital in Boston also reported the highest domestic base salary, $215,000. The highest overall salary went to an investment manager in Asia: $250,000.
A consultant/strategic planner received the highest signing bonus, $100,000, though three others — in investment management, product management/development, and leadership development/general management — reported $80K bonuses. And in other compensation, which MIT continues to report despite the reluctance of many of its peers to follow suit, someone notched an extra $65,000 — nice, but a far cry from last year when someone reported a crazy $450K add-on.